William Bronson wrote:Of course being a landlord is a job in and of itself. A tenant that won't wreck your place, isn't needy or demanding, and pays well and on time will probably want a very nice house in a nice part of town.
In our area of the country, laws greatly favor the tenant. Many know this and take advantage of it, using the law to screw the landlord. We'll still considering it for the future, though. If you're going to do it, spend a hundred hours perusing the forums at http://www.biggerpockets.com/
. These are landlords from all over, renting to all different types of people, in different situations. They'll help you get started -- without those $999 classes.
John C Daley wrote:Having the place trashed is not nice, and it seems to be representative of particular people.
John, in the States, you don't get to choose not to rent to those people (insert whatever characteristic you want there -- who have you had bad experiences with?). In our area, a landlord must rent to the first qualified applicant, regardless of whether a better applicant applies afterward. They actually have people who run stings on this, fining the landlords heavily if they don't rent to the first person.